Increased Foreign Investment in U.S. Food Industries

James MacDonald and Scott A. Weimer

No 307996, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Foreign investment in U.S. food manufacturing grew by 60 percent between 1976 and 1982, while it grew by 300 percent in food wholesaling and retailing and grew by 600 percent in the rapidly expanding foodservice industry. Despite the growth, foreign-owned firms still employ only 3.5 percent of the food industry work force. As the world's economies become more closely linked, foreign investment in the U.S. food system should continue to grow. However, exchange rate fluctuations will cause sharp fluctuations in investment; most of the recent increase occurred between 1978 and 1981, as a declining dollar reduced the price of U.S. assets. Since 1981, the strength of the U.S. dollar has reduced foreign investment generally.

Keywords: Agricultural Finance; Food Consumption/Nutrition/Food Safety; International Relations/Trade (search for similar items in EconPapers)
Pages: 23
Date: 1985-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307996

DOI: 10.22004/ag.econ.307996

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